The agreement was reached during a meeting between Director General of Iran's Agriculture Ministry Hooman Fathi and Filipino Ambassador to Tehran Edwardo Matin Moniz in Tehran on Tuesday.
During the meeting, the two sides underlined the need for the exchange of agricultural experts between the two countries.
Bilateral relations between the Tehran and Manila started on August 16, 1974. Iran invested $125 million in the Philippines’ petrochemical market in 2008.
The value of oil exports from Iran to the Philippines was pegged at $83 million in February 2012.
Both countries are eyeing to increase cooperation in areas of tourism, food production and industries, energy, construction, technology, science and culture.